Prize Picks Cease and Desist | February 2024 Update

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What is a Cease and Desist Order?

A cease and desist order is a legal document that is issued by a court or government agency that orders someone to stop doing something. In the case of Prize Picks, the cease and desist order was issued by the New York Attorney General’s Office. The order alleges that Prize Picks is operating an illegal gambling operation.

Why Did Prize Picks Receive a Cease and Desist Order?

The New York Attorney General’s Office alleges that Prize Picks is operating an illegal gambling operation because it is offering contests in which participants can win money based on the outcome of sporting events. The Attorney General’s Office argues that these contests are illegal because they are not conducted within a state-licensed gambling framework.

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What Does the Cease and Desist Order Mean for Prize Picks?

The cease and desist order requires Prize Picks to stop offering its contests in New York. The order also prohibits Prize Picks from accepting any new players from New York. If Prize Picks fails to comply with the order, it could face further legal action from the New York Attorney General’s Office.

What Are the Implications of the Cease and Desist Order for Other Daily Fantasy Sports (DFS) Sites?

The Prize Picks cease and desist order could have implications for other DFS sites that operate in New York. The order could lead to other states taking action against DFS sites, or it could lead to the federal government regulating DFS. It is also possible that the order could lead to changes in the way that DFS sites operate.

What Can You Do If You Are a Prize Picks Player in New York?

If you are a Prize Picks player in New York, you should stop playing on the site immediately. You should also close your account and request a refund of any money that you have deposited.

What Can You Do If You Are a Prize Picks Player Outside of New York?

If you are a Prize Picks player outside of New York, you are not affected by the cease and desist order. You can continue to play on the site as you normally would.

Conclusion

The Prize Picks cease and desist order is a significant development in the world of daily fantasy sports. The order could have implications for other DFS sites, as well as for the federal government’s regulation of DFS. It is important to stay up-to-date on the latest developments in this case, as they could affect your ability to play DFS.

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. Prize Picks Cease and Desist Order: Learn why Prize Picks received a cease and desist order from the New York Attorney General's Office and the implications it may have for daily fantasy sports sites. If you're a Prize Picks player in New York, take immediate action. Stay informed on this significant development in DFS.


Nivesham

Nivesham